Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated...

In this paper we introduce inverse demand systems that include quadratic scale terms. These systems are similar to regular quadratic demand systems introduced by Howe, Pollack, and Wales. A unique feature of these specifications is that they maintain linear scale curves as a special case. For...

This research develops 'Johansen-type' models of agriculture and constructs Input-Output models for assessing the impact of the post-1992 CAP reforms on incomes, employment and the environment in four Alentejo study areas of Portugal. The effects of agricultural output changes on businesses...

This study provides a dynamic mathematical treatment of price determination under bilateral monopoly. The results are: a) a quantitiative solution for the equilibrium price; b) equality of profits of the buyer and seller; c) dynamically stable equilibrium price; and d) the bargaining process...

We combine theory with numerical integration methods to show that for any form of uncompensated supply, compensating variation of a change in higher moments of an output price distribution can be numerically derived.

While performing separability tests, studies rarely checked negativity to ensure the appropriate curvature of the expenditure function. The effect of imposing negativity on the results of separability tests is examined. Findings indicate that imposing negativity can affect separability tests in...

The Gulf of Mexico (GOM) is the primary producer of shrimp in the United States and annual production from this region has remained relatively constant over the past several decades. By comparison, U.S. shrimp imports have increased from about 400 million pounds annually during the early 1990s...

If relative prices of goods within a commodity group are constant, Hicksian separability lets the price of a single good represent the group price level. This is relied on by designers of price questionnaires used in household surveys and by methods of estimating demand systems from household...